What am I doing wrong?

[aweverard]

Hi All,

I have created an EA using fxdreema and back tested on MT4. It won 76% of trades but lost money because the value of the winning trade vs losing trade were so different.

I have attached a grab of the results and the buy/sell and trailing stop instructions. In short how do I fix the EA to reverse the average profit and loss amounts?

Thanks in advance,
Ariel

[miro1360]

% of win profit trades must not be win at money because you are at start risking more as you get ... your hard sl is 150, but trailing stop start at 125 ... that means your trade must go to 126 profit and it moves it to +1 pip into profit and continues it until trailed SL (or TP) is not reached ... result is a lot of trades closed in bad R:R ...

[aweverard]

Hi Miro,

Ok, so changing my Trailing SL to 150 it should fix this.

Thanks,

[miro1360]

I dont think ... disable trailing and give TP to 150 and try it - it shows you potential from your EA ... trailing is only for potentially increased profits from big trends - and they are only on GBPJPY and similair pairs but dont expect holly grails from trailing ... trailing on EURUSD is worse than hard TP ...

[aweverard]

I tried your first suggestion and it made a difference to the win% but I am still having a very high average loss vs. average win. See the results and the detail below.

[miro1360]

because your TP si smaller like SL ...
when you have TP 25 and SL 130, that means for 1 lossable trade you need another 6 profitable trades to goes back from loss ...

try to create EA, where is your TP equal or greater like SL ...
read here about your situation:
http://www.forexfactory.com/showthread.php?t=558453

[fxDreema]

Also try "Every tick" model for better results

[aweverard]

@miro1360 I do the SL is 150 and the TP 300 but I notice that many but not all of the trades have a very large SL and tight TP, I guess this is the problem.

[aweverard]

@fxDreema I do only "on tick"

[fxDreema]

I'm talking about this: http://prntscr.com/e3cgew

[miro1360]

@aweverard you still dont understand what is trailing stop ... please read about it here:
http://www.investopedia.com/articles/trading/08/trailing-stop-loss.asp

[aweverard]

@fxDreema will do thanks